4855 University Dr # 4855, Coral Gables FL 33146

For sale Days on market 3

CORAL GABLES RIVIERA SEC [ Condominium ]

$2,800,000

$1503/sq ft

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Overview

Bedroom

Bath

Year Built

1962

Sqft

1863

Property Type

Condominium

Property Description

Waterfront Redevelopment Opportunity of a dual-unit building on Waterway. Investor-focused opportunity along the prestigious Coral Gables Waterway. This distinctive offering includes two condo units sold together as a single building, positioned on an oversized waterfront lot ideal for redevelopment, renovation, or the creation of a bespoke luxury residence with potential for dock(s) and boating structures. The square footage shown reflects one unit; the total building size is 3,726 SF, providing exceptional scale for reconfiguration or expansion. Surrounded by high-end homes in a quiet residential enclave, the property offers direct water frontage and compelling long-term value. Currently income-producing with leases in place, buyers can offset holding costs while planning, designing, and permitting a future vision. Opportunities with this size, flexibility, and premier location are increasingly scarce. Ideal for an end-user, builder, or investor seeking a signature waterfront estate defined by privacy, seamless indoor-outdoor living, and timeless architectural appeal. Note: Two folio numbers; sale includes Folio #03-4119-020-0010. MLS A11953185.

Property Details

MLS#

A11956625

Unit Floor

Total Floor in Bldg

Building

CORAL GABLES RIVIERA SEC

Address

4855 University Dr

City

Coral Gables

State/county

Zip/Postal Code

33146

Area

Coral Gables Riviera Sec,gables Riviera

Country

United States

HOA

Yes

Assoc Fee

$--

Assoc Fee Pd

Annually

Tax Amount

$27,808

Maint Fee

$--

Tax Year

2025

Dishwasher

Dryer

Electric Water Heater

Microwave

Electric Range

Refrigerator

Washer

Canal

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